Business, 25.06.2021 17:00 lif3isanenigma

On December 31, after making a concerted effort, management determines that it will not be able to collect the $1,200 owed to it by its customer Acme, Inc. The company uses the direct write-off method to account for uncollectible accounts. Required:
Prepare the journal entry to record the reinstatement of the account receivable.

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On December 31, after making a concerted effort, management determines that it will not be able to c...